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Informative Articles

"Getting PR in your town: Realities to remember"
In business, getting effective media coverage is often crucial to success. Doesn’t matter how good you are if they don’t know you’re out there. But, there are realities to remember about the media, wherever you do business. Some of them are: •...
Ten Business Reasons Why Asking for Help Works
When you are in charge of a team, or a business, it is easy to fall into the trap of being invincible. Asking for help is something that's easy to do - yet, to the uninitiated, it feels like a weakening position. But there are a number of reasons...
The Benefits of Using Seminars and Small Business Management Courses to Build Your Accounting, Consulting or Tax Practice
There are many benefits of using seminars and small business management courses to help build your accounting, consulting or tax practice. The primary reason is to build a reputation within your market - capital that you can profit from on an...
Top Ten Tips When Business is Slow
How's your business going to keep growing with the holidays just around the corner? What can you do when most people don't want to spend money now? If you are concerned the cash flow won't flow and you won't have enough income for the next...
Understanding Document Management
The term "document management" and "paperless office" is the subject of countless articles and books. Everyone wants to achieve this lofty goal but not everyone understands what the terms really mean. Before you can embark on the journey of ...
 
Use The Probability Factor To Start Your Small Business Home Business

How do you find a business that is right for you and has a great probability of success? There are two steps that you should take.

1. Pick something that interests you. Better yet, pick something that you are passionate about. If you are not interested or you don't like it, the work rapidly becomes drudgery and you will likely quit after having invested a lot time and money.

2. Find out if there is a market for you business. This is important because if there isn't a market, you could spend months developing your product and if only a couple of people care about it, and no one else is interested, you just wasted a lot of time, money, and potential income.

How do you find out if there is a market for what you want to do?

3. Do a search on Overture http://inventory.overture.com/d/searchinventory/suggestion/ and enter one or more words that describe your business. The suggestion tool tells you how many people have searched for your term in the past month. Multiply that number by five to figure the approximate number of searches in the past year. This will tell you how many people are searching for your product or services.

4. Look at the top 20 returns for your product on the search engines (Google, Yahoo, and MSN) to see what competition you have. Review your competitors' sites to see what they are


doing well and to see what they are doing poorly. You may be able to see at what price they are selling a product or service similar to yours.

5. Look at the ads presented by the search engines. They are usually located above the search results and to the right of the search results. If there are a lot of ads for your search terms, then there is probably a market for your product or service.

6. If you have found that there is a lot of activity, go to h ttp://uv.bidtool.overture.com/d/USm/search/tools/bidtool/ and enter your search terms to see how much people are paying Yahoo to advertise your keywords using Pay Per Click. To use PPC you bid for placement on the Yahoo search engine pages. The higher you bid, the higher your placement. If your competitors are bidding $1.50 or more it is a good indicator that there is a real market.

If there is little activity, then you probably won't do well and should look for something else or reframe your product or service.

If there appears to be a lot of activity for your product or service, then go for it!

About the author:

Start your Internet Business/Home Business the right way and save $3000, $4000 or more. Get a FREE no nonsense 6 part mini-course here: http://daily-results.com/start-a-home-business.html VISIT our site: http://www.daily-results.com

 

United States Small Business Administration
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Smallbusiness.gov.au redirect to business.gov.au
Business Entry Point - Helping small business in big ways. An Australian Government initiative. The content from this website has now been consolidated into ...
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Business & Small Business
Online and print small business publication. Information to help start, grow or manage a small business.
www.entrepreneur.com
 
Microsoft Small Business Center
Your home for information about Microsoft's small-business products and services, tailored business advice, technology tools, and more.
www.microsoft.com
 
The Small Business Advisor - advice for starting and operating a ...
Advice and assistance for starting and operating a small or home based business.
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SCORE "Counselors to America's Small Business"
A nonprofit association dedicated to encouraging the formation, growth, and success of small business nationwide through counseling and mentor programs.
www.score.org
 
Small Business and Self-Employed One-Stop Resource
IR-2006-2, January 3, 2006 - Temporary and proposed regulations will significantly reduce tax filing burden for nearly 950000 small business owners. ...
www.irs.gov
 
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BC Business Services offers assistance and resources for those running or starting a business in British Columbia and Vancouver.
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Provides information and advice to help small businesses realise their potential.
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NSW Small Business
A site developed by the NSW Department of State and Regional Development for small businesses. Topics include management, resources, current issues and ...
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Business Management & Advice: Small Business Resources & Information
Looking for business management and advice? Our website includes small business resources and information that can help you. Visit the small business ...
www.businessweek.com
 
Small Business Lawyer, Attorney, Law, Legal Help - FindLaw for ...
Information and legal sites relevant to small business.
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Small Business Funding Opportunities (SBIR and STTR)
Links to Small Business Funding Opportunities and SBIR / STTR Applications.
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Microsoft bCentral Small Business Directory
Directory categorized by industry with company business card feature.
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Facilitates the sharing and exchange of information among small business development centers, the small business administration and other business-oriented ...
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